VAT margin schemes

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VAT return

You must show any goods you bought or sold using a margin scheme on your VAT return.

Filling in your VAT return

Box on the VAT return form	What to fill in
Box 1	Include the output tax due on all eligible goods sold in the period covered by the return
Box 6	Include the full selling price of all eligible goods sold in the period, less any VAT due on the margin
Box 7	Include the full purchase price of eligible goods bought in the period

You do not have to include margin scheme purchases or sales in boxes 8 and 9 of your VAT return.

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